After Merchant Resources called the 1-800 listed on each of these merchant services, a variety of differences and cost of each of these credit card merchant services have been discovered. The compilation below:

Square Reader

• Base Retail Visa/MC rate of 2.75% • Key Entered Rate of 3.5%

The square reader is a good solution if your average ticket is under $10. Otherwise, you are paying to much with square reader.

Merchant Resources has been in the business for over 25 years, knowing “for a fact” that the rate, no matter what the card is, is NOT 1.8%. It seems Wells Fargo has to train their merchant services department on what the actual fees are.

Bank of America

• Base Retail Visa/MC rate of 1.69% • Rewards Cards Visa/MC rate of 3.19% • Business Cards Visa/MC rate of 4.35% and 29 cents • Foreign and Government Cards Visa/MC 4.35% and 29 cents • Cost of the terminal is %99 or a $28.95 per month • Three year contract